by Beth McGuire | Sep 13, 2023 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased 0.8% from one week earlier, when it decreased 2.9%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 8, 2023. This week’s results included an...
by | Sep 13, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For the second month in a row, inflation is up, as the last Consumer Price Index (CPI) report before the Federal Reserve’s September meeting could drive further rate increases—though exactly when those might happen is extremely uncertain. Overall CPI inflation came in...
by | Sep 11, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Also very notable and potentially worrying: RISMedia’s Broker Confidence Index (BCI) just hit its lowest point of the year, falling to 6.2 in August as leading real estate executives brace for the traditionally slower months, with school back in session and...
by | Sep 7, 2023 | Economy, Industry News, Latest News, National, News, Premier |
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Mortgage rates The 30-year fixed-rate mortgage (FRM) averaged 7.12% this week, down slightly from last week’s 7.18%,...
by | Sep 6, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The total number of mortgages secured by residential property increased to 1.56 million during Q2 2023, according to a new report from ATTOM. While that remained down 38% from a year earlier, it was up 21% from last quarter—the first increase in two years. ATTOM’s...
by | Sep 1, 2023 | Economy, Industry News, Latest News, National, News, Premier |
For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency, unchanged from last month and a 0.3 percentage point decrease from the 2.9% rate last year. This is the same reading as the historic low of 2.6% in March. According to...